High-level negotiations between the White House and Capitol Hill in times of divided government tend to follow a script. This years talks about how to avert the fiscal cliff, for the most part, appear to track a familiar line: The outside message from the top players is often different from what's happening on a parallel track inside the room where the final deal is being crafted.

Publicly, both President Barack Obama and House Speaker John Boehner continue to argue their positions on taxes and entitlement reforms, hoping they can win the public relations battle that frames their respective party as the one responsibly pursuing a solution, and the other side as the one that wont budge.

But as dueling news conferences and photo ops are happening for public consumption at the White House and Capitol Hill press studios, a tight circle of trusted aides float proposals on how much they might be willing to compromise inside conference rooms or over e-mail.

>> if ... the US Dollar [is] removed as the world’s reserve currency, we are ALL going down - and fast.

If the “fiscal cliff” isn’t the straw that breaks the camel’s back, it’ll be something else. And soon.

We’re beyond broke. Our spending is on a trajectory that ensures we’ll NEVER be out of debt. We have trillions in unfunded liabilities, adding more each year, with no plan to fix the problem, and no national willpower to execute a plan if we HAD one.

We’re addicted to debt and we can’t break the addiction. It will be broken for us, because it’s not sustainable. In the absence of a voluntary return to genuine fiscal sanity, in my humble opinion, the SOONER the economy completely breaks, the faster it can heal.

There will be much pain when the economy breaks down. But there will be even MORE pain if we limp along with the status quo and it breaks LATER. As it must.

4
posted on 12/07/2012 5:29:02 PM PST
by Nervous Tick
("You can ignore reality, but you can't ignore the consequences of ignoring reality.")

Were addicted to debt and we cant break the addiction. It will be broken for us, because its not sustainable. In the absence of a voluntary return to genuine fiscal sanity, in my humble opinion, the SOONER the economy completely breaks, the faster it can heal.

I agree with the first part of your statement, but not the second.

I used to think our economy could collapse, and then "heal" or re-set somehow. However, after studying the problem, I foresee no scenario where a full fiscal collapse gives the United States a fresh, clean, new sheet of paper. On the contrary - there will be a severe PRICE the world will demand of America. It will be economic slavery, loss of sovereignty, and loss of property rights.

America will be brought to her knees. We are hardly mentioned (if at all) in Bible prophecy. Our nation will cease to be as it is now.

>> On the contrary - there will be a severe PRICE the world will demand of America.

That might be true — if the rest of the world were not in the same boat.

An American debt blow-up (default, rapid inflation) *will* trigger huge economic upheaval throughout the world. Even in China, which will receive a double blow — loss of their major market and writedown of their foreign holding — to their own shaky economy.

It’ll pretty much suck for everyone. Europe, Asia, Russia, certainly South America — no country will be in such a position of strength that they can demand their pound of flesh from anyone else, and enforce receiving it.

But the federation (US, europe, asia) that is first to do the righteous thing — that takes its lumps first — will come out of the darkness first. Both areas have REAL wealth and the means to generate more. Shake out the rot and corruption and socialism and bubble mentality, and return to a true producer-based economy.

Of course, this is just my opinion. But it’s based on what GOD says in His word about how to treat each other and carry on our business — and His warnings about what will happen if we don’t.

FRegards

6
posted on 12/07/2012 5:50:23 PM PST
by Nervous Tick
("You can ignore reality, but you can't ignore the consequences of ignoring reality.")

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